News Bitcoin breaks upwards as Moreno stays bullish

Bitcoin breaks upwards as Moreno stays bullish


- Advertisment -

Bitcoin is again on the accent, gaining 2% in the last 24 hours and up over 12% in the last 7 days. Bitcoin is currently trading at $10,750.

After Bitcoin’s double-digit rise this week, and dominance over the altcoin market hitting 70%—the short term focus for traders will be to see if the decentralized asset can burst through the next big mark of $11,000. On August 20, Bitcoin hit this level but then fell back down.

Looking at the weekly performance of the top 10 cryptocurrencies, the top 9 are in the green this week—with only Stellar posing losses, down 3.5%.

Apart from Bitcoin, the only other major token to have seen a double-digit gain over the last 7 days is Monero. The privacy-focused asset has risen by an impressive 15%.

Additionally, Monero’s price has broken above its average price over the last 50 days, seen as a good sign by traders. The last time this happened—earlier this year—its price doubled within the next 50 days.

Binance Coin also saw its price appreciate by more than 8% in a 6 hour period. The rally started yesterday after news broke about the exchange’s plan to launch a fully-regulated, dollar-pegged stablecoin—dubbed BUSD. But, most of those gains were soon lost for Binance Coin—as it fell from a high of $23.50 to a low $22 to post a modest gain of 3% for the day.



Please enter your comment!
Please enter your name here

Latest news

Bitcoin SV has found a new niche in the gaming industry

Gaming companies and online casinos are increasingly paying attention to cryptocurrencies as a possible payment tool. Several...

Why could GLBrain become a great solution to receive support during the crisis?

To support smaller and medium-sized businesses during the ongoing crisis, GLBrain offers services cost-free for all Austrians....

Make Fast and Secure Trades Using is a Cryptocurrency trading platform that allows users to buy and sell their Cryptocurrency in a...

Network Security Using Cryptography: Everything you need to know

This article will describe what is Network Security Using Cryptography and everything you need to know before...
- Advertisement -Bitcoin breaks upwards as Moreno stays bullish

Mercuriex Cryptocurrency Exchange Launches New Utility Token, SURF

MercuriEx Cryptocurrency Exchange, originally developed in 2017, came under new ownership in December 2019. Since taking over the exchange,...

Fungibility: Bitcoin Mixers Favorite Term That No One Understands

Fungibility, perhaps the most important concept when dealing with a decentralized and anonymous currency, but does bitcoin...

Must read

Bitcoin SV has found a new niche in the gaming industry

Gaming companies and online casinos are increasingly...
- Advertisement -

You might also likeRELATED
Recommended to you